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Quality grades lower, production factors shift

Quality grades lower, production factors shift

Quality grades lower, production factors shift MARKET UPDATE The fed cattle market continues to trade in a fairly wide range from the northern feeding region to the south. Texas continued the July trend holding the bottom of last week’s range at $118/cwt. to $120/cwt....
Are carcass premiums supply or demand driven?

Are carcass premiums supply or demand driven?

Are carcass premiums supply or demand driven? MARKET UPDATE The estimated weekly slaughter total last week was 623,000 head, a significant reduction from the prior week, thanks, in part, to the three-day weekend. Recent weekday daily steer/heifer slaughter totals have...
Bright and shining silver lining

Bright and shining silver lining

Bright and shining silver lining MARKET UPDATE The fed cattle market has been an arduous grind for this year as prices have failed to reflect historic highs in cutout values. With seven weeks in the books of what can essentially be called a $120/cwt. fed cattle price,...
Seasonal carcass trends intact

Seasonal carcass trends intact

Seasonal carcass trends intact MARKET UPDATE Fed cattle prices have seen little change since the last edition of the CAB Insider, with the most recent two weeks averaging $119/cwt. With no tie to cutout values, the spot market for fed cattle lies in wait for more...
Cattle, grain and carcass price signals mixed

Cattle, grain and carcass price signals mixed

Cattle, grain and carcass price signals mixed MARKET UPDATE Cash fed cattle prices were lower $1 to $2/cwt. last week, arriving at an average just below $121/cwt. Futures weakness brought prices lower, despite the severe upward trajectory of carcass cutout values. The...